Te Taumata recognises the value and importance of not only maintaining its existing partnerships, but pursuing and investing in new partnerships that will benefit Māori businesses and the Māori economy.
A direct result of the success of our Global Māori Trade Strategy hui, held at Parliament last month, Te Taumata has connected with the Chinese Ambassador to New Zealand His Excellency Mr Wang Xiaolong and his delegation.
Te Taumata will host the delegation during their visit to Rotorua next month with a focus on fostering mutual understanding, trust and trade between China and New Zealand.
China is a significant trade partner for Māori businesses and growing this partnership will undoubtedly present new trade opportunities in the near future.
Another partnership Te Taumata has continued to foster is with Reserve Bank Governor, Adrian Orr, therefore we are strongly supportive of the Government’s decision this week to reappoint him to the role for another five-year term.
Now is the time for a steady hand on the tiller and Adrian has shown he has the skills and expertise to guide us through this economic, post-COVID climate.
Adrian also attended our Global Māori Trade Strategy hui and spoke to the ‘Access to Capital for Māori’ discussion document released by the Reserve Bank earlier in the year, which identifies the challenges and opportunities for Māori in the financial system.
The report also acknowledges that Māori are a critical part of Aotearoa New Zealand’s future economic prosperity and trade remains a vital sector for the Māori economy.
However, in order to fully capitalise on Māori economic aspirations, our nation’s financial system must address the challenges of Māori access to capital.
“We want to ensure we have a financial system that is both efficient and inclusive; we want a financial system for all of Aotearoa New Zealand.
We all have a role to play to break down barriers, unleashing the economic potential of Māori,” he told hui attendees.
Te Taumata looks forward to continuing these discussions with the Reserve Bank Governor to ensure the financial challenges faced by Māori shift to a solution-based response.